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Employer reported my bonus on form 1099-Misc box 3 [other income]. Is this correct? Can I avoid self employment tax?
Hello, I would truly appreciate any help.
My employer gave me an end of the year/holiday bonus. They reported it on a 1099-Misc form in box 3 (other income). There is nothing about this on the W-2.
Also, the company/"PAYER'S" name is different. Will I be charged self-employment tax? Is there anyway to get around this?
This was not contractor work. My company gave me this bonus possibly because it's my first year. They never stated the reason, it was "just because".
Thank you to anyone that can help! I appreciate it.
‎February 27, 2020
4:16 PM